Corporate and Personal Insolvency

Helping you back to financial health

If you have become burdened by debt, it’s important that you get help as soon as possible. It could make all the difference to your circumstances and your financial future. Many people get into more debt than they intended, usually with the best of intentions, but as bills mount up, it can be an overwhelming task to try to juggle repayments.

If your income is not sufficient to meet the demands of your creditors, you will have to look at ways of repaying them by negotiation. As this can be a daunting task, many people choose to use a professional to help with the process. This gives the added comfort of knowing your finances are in the expert hands of trained, qualified advisors who are experienced in securing repayment arrangements with creditors.

Television and newspapers have highlighted the ways that some unscrupulous debt advisers make money at the expense of the people or firms that they are supposed to be trying to help.

At Harris Lipman, our qualified staff will offer an initial consultation.

This will usually involve looking at your overall financial position and ability to pay, and then helping you work out affordable repayment proposals to be put before your creditors.

Such repayment proposals can sometimes mean offering a one-off payment in full and final settlement, or making regular payments over a period of time. Some proposals can be formal, involving the court, whilst others will be on a more informal basis by reaching mutual agreement with all of your creditors. Proposals do not always mean payment in full, and can sometimes mean repaying a reasonable percentage of the debt that is acceptable to your creditors.

By dealing with financial problems in this way you can avoid getting into further debt, and could stop you from losing your home or even being made personally bankrupt.

Following most consultations, the most common reactions are “I wish I had come to you earlier” and “it’s such a relief”.

We are always aware that most people in financial difficulty will not have the resources to pay debt management fees up front, so we offer affordable instalments that fit within your new budget, helping you back on the road to financial wellbeing.

If you are in financial difficulties, would like to discuss any aspect of debt management, or want to book an initial consultation, please email InfoInsolvency@harris-lipman.co.uk or call (020) 8446 9000.

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The insolvency licence holders of this practice are licensed as insolvency practitioners in the UK and Ireland by the Institute of Chartered Accountants in England and Wales.

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